BTC - follow the H&S crowd ?
Updated
Many people are calling this "BTC forming H&S on 4hr chart"
This sounds like when people (including me) called for the drop around 6k zone.
The market just ignored us since too many people thinking in the same way.
People who missed out really want to get cheap corn again.
Whales also read the same chart, will they let the crowd buy the corn that easy?
But guess what, if we drop quickly to 6k zone again,
pros gonna buy but newbies gonna call for 2-3k again.
They will never get filled and possibly Fomo back in later.
Thus, the 6k zone is possible and is a MUST BUY.
I already entered some position because we may also never go back that low again.
"When everybody waiting for this, for that, it WON'T happen"
I believe that we are at the beginning of the new bull cycle
Don't get liquidated before the bull run.
Good luck & Stay safe
Risk management is the most important thing.
This sounds like when people (including me) called for the drop around 6k zone.
The market just ignored us since too many people thinking in the same way.
People who missed out really want to get cheap corn again.
Whales also read the same chart, will they let the crowd buy the corn that easy?
But guess what, if we drop quickly to 6k zone again,
pros gonna buy but newbies gonna call for 2-3k again.
They will never get filled and possibly Fomo back in later.
Thus, the 6k zone is possible and is a MUST BUY.
I already entered some position because we may also never go back that low again.
"When everybody waiting for this, for that, it WON'T happen"
I believe that we are at the beginning of the new bull cycle
Don't get liquidated before the bull run.
Good luck & Stay safe
Risk management is the most important thing.
Comment
Looking good so far. BTC moved like what we expected. However, if are a short term trader, 8-8.4k is a good area to take profit since it can possibly form a double top. For long term view, nothing to be worried about.Comment
Price almost exactly followed my zigzag line. About 20% profit so far. Not bad to take profit here for mid term traderComment
Just to remind you. "When everybody waiting for this, for that, it WON'T happen"Don't know where BTC gonna stop from here... Next target is around 12k
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